BaFin Launches Investigation into Unauthorized Company Investor Plus 500 LTD

​The German Federal Financial Supervisory Authority - BaFin announced recently the investigation into Investor Plus 500 Ltd. Pursuant to section 37 (4) of the German Banking Act (KWG), the financial regulator would like to make clear that the indicated company has not been granted authorisation under the KWG to conduct banking business or provide financial services.

According to the announcement, the information provided on the company's website investor500.com gives reasonable grounds to suspect that Investor Plus 500 LTD is conducting banking business/providing financial services in Germany without the required authorisation.

Furthermore, BaFin addressed that the firm has no connection with the supervised company Plus500 Ltd.

As a result, BaFin, the German Federal Criminal Police Office and the German state criminal police offices recommend that anyone seeking to invest money online should exercise the utmost caution and do the necessary research beforehand in order to avoid becoming the victim of fraud.